Bunge Global (NYSE:BG) Trading Down 3.3% - Should You Sell?

Bunge Global SA (NYSE:BG - Get Free Report) fell 3.3% on Thursday . The company traded as low as $78.67 and last traded at $78.70. 1,221,723 shares were traded during mid-day trading, a decline of 27% from the average session volume of 1,683,347 shares. The stock had previously closed at $81.39.

Analyst Ratings Changes

Several analysts recently issued reports on BG shares. Stephens cut their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup lifted their price target on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Bunge Global currently has an average rating of "Hold" and an average target price of $81.60.

Bunge Global Price Performance

The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 3.89 and a beta of 0.67. The company's 50-day simple moving average is $79.64 and its 200 day simple moving average is $77.00.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. The firm had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the previous year, the business earned $3.04 EPS. The business's revenue was down 13.2% on a year-over-year basis. Equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. Bunge Global's dividend payout ratio is 35.53%.

Hedge Funds Weigh In On Bunge Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC raised its holdings in Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 359 shares in the last quarter. UMB Bank n.a. increased its position in shares of Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 261 shares during the period. Riverview Trust Co raised its stake in shares of Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 255 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Bunge Global in the first quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Bunge Global by 197.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company's stock worth $39,000 after purchasing an additional 341 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.